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Bridgeline Digital
(NASDAQ:BLIN)
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Rating:49Neutral
Price Target:
$0.78
▼(-19.79% Downside)
Action:Reiterated
Date:10/08/26
Overall score reflects a company with improving top-line momentum and a solid, low-leverage balance sheet, but still constrained by negative cash flow and lack of profitability. Technical signals also remain weak (below major moving averages with negative MACD), which adds near-term risk. The latest earnings call was a positive offset, pointing to strengthening core metrics and a plan for tighter spend and cash neutrality, but near-term financial and liquidity constraints keep the score below average.
Positive Factors
Core sales momentum
Strong new-logo acquisition and expansion activity indicates growing demand for Bridgeline’s core products and rising customer monetization. Record bookings and higher ARPU can support recurring revenue growth over the next several quarters if the company converts contract value into recognized sales.
Negative Factors
Persistent unprofitability
The company has not yet converted revenue growth and strong gross margins into sustainable earnings. Continued net losses constrain internally funded investment, while volatile profitability leaves execution dependent on further cost control and operating improvement before the business can compound value consistently.
Read all positive and negative factors
Positive Factors
Negative Factors
Core sales momentum
Strong new-logo acquisition and expansion activity indicates growing demand for Bridgeline’s core products and rising customer monetization. Record bookings and higher ARPU can support recurring revenue growth over the next several quarters if the company converts contract value into recognized sales.
Read all positive factors
Bridgeline Digital Key Performance Indicators (KPIs)
Any
Revenue by Geography
Breaks down where the company’s revenue is generated across countries or regions. Geographic concentration for Bridgeline Digital can sharpen competitive or regulatory risk in a single market, while a broader footprint points to more diversified demand and multiple avenues for growth.
Breaks down where the company’s revenue is generated across countries or regions. Geographic concentration for Bridgeline Digital can sharpen competitive or regulatory risk in a single market, while a broader footprint points to more diversified demand and multiple avenues for growth.
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The Fly
The FlyBridgeline Digital (BLIN) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$9.52M
Dividend YieldN/A
Average Volume (3M)49.27K
Price to Earnings (P/E)―
Beta (1Y)0.42
Revenue Growth1.61%
EPS Growth58.69%
CountryUS
Employees40
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)-0.11
Shares Outstanding12,599,879
10 Day Avg. Volume99,280
30 Day Avg. Volume49,267
Financial Highlights & Ratios
PEG Ratio-0.17
Price to Book (P/B)1.55
Price to Sales (P/S)0.96
P/FCF Ratio-13.21
Enterprise Value/Market Cap1.43
Enterprise Value/Revenue0.87
Enterprise Value/Gross Profit1.36
Enterprise Value/Ebitda-14.59
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.12
Revenue Forecast (FY)$22.40M
Bridgeline Digital Business Overview & Revenue Model
Company Description
Bridgeline Digital, Inc. operates as a marketing technology company in the United States, Canada, and internationally. The company offers HawkSearch, a site search, recommendation, and personalization application for marketers, and developers; Cel...
How the Company Makes Money
Bridgeline Digital primarily makes money by selling access to its proprietary software products, typically structured as recurring software subscriptions (SaaS) and/or software licenses with ongoing maintenance and support. A second revenue stream...
Bridgeline Digital Earnings Call Summary
Earnings Call Date:Aug 13, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Dec 23, 2026
Earnings Call Sentiment Positive
The call highlights meaningful product and sales momentum in the core AI-powered HawkSearch suite — including record/tied new logo wins, strong core net revenue retention (106%), notable contract bookings ($1.7M TCV, >$370k ARR), and Gartner #1 recognition — alongside improving profitability trends (smaller GAAP loss, materially improved adjusted EBITDA). However, consolidated revenue growth is modest, subscription revenue was flat, margins showed slight compression, and cash on hand is limited. Management plans to maintain measured ad spend and prioritize growth investment, expecting core to represent an even larger share next year. Overall, the positive operational and product signals outweigh the near-term financial constraints and risks, resulting in an optimistic but cautious outlook.Positive Updates
Strong New Customer Acquisition and Contract Wins
Tied record of 9 new customer logos in the quarter; 19 new subscription contracts with $1.7 million in total contract value and more than $370,000 in new annual recurring revenue (ARR). Examples include deployments supporting ~25,000 products / ~450,000 monthly sessions and a multi-site rollout covering ~80,000 SKUs.
Negative Updates
Modest Overall Revenue Growth
Total revenue rose marginally to $3.9 million from $3.8 million year-over-year — a very modest increase, and subscription revenue was flat at $3.1 million year-over-year.
Read all updates
Q3-2026 Updates
Positive
Negative
Strong New Customer Acquisition and Contract Wins
Tied record of 9 new customer logos in the quarter; 19 new subscription contracts with $1.7 million in total contract value and more than $370,000 in new annual recurring revenue (ARR). Examples include deployments supporting ~25,000 products / ~450,000 monthly sessions and a multi-site rollout covering ~80,000 SKUs.
Read all positive updates
Company Guidance
The company's forward-looking guidance emphasized maintaining sales/marketing spend at about $350,000 per quarter (down from a planned $500,000), staying cash‑neutral overall with some quarters modestly negative or positive in 2027 while retaining more than one year of cash, and accelerating core growth so core revenue exceeds 70% of total revenue and core subscription revenue exceeds 75% next year (core is currently 62% of total and 66% of subscription revenue). Management reiterated strong core metrics today: core net revenue retention 106%, core product revenue $2.4M this quarter (vs. $2.2M prior year; 13% TTM growth), and recent bookings of 9 new logos, 19 subscription contracts, $1.7M total contract value and >$370k ARR. Current quarter financials tied to that guidance: total revenue $3.9M (subscription $3.1M, services $0.8M), gross profit $2.5M, gross margin 46% (subscription margin 69%, services margin 47%), operating expenses $3.0M, net loss $0.5M, adjusted EBITDA -$102k, cash $1.5M, AR $1.2M, debt $187k at 3.5%, total assets $15.3M and liabilities $6.4M.Bridgeline Digital Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
73
Positive
Cash Flow
36
Negative
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 15.62M | 15.38M | 15.36M | 15.88M | 16.82M | 13.26M |
| Gross Profit | 9.99M | 10.24M | 10.43M | 10.87M | 11.70M | 8.73M |
| EBITDA | -933.00K | -1.64M | -831.00K | -7.79M | -125.00K | 1.34M |
| Net Income | -1.35M | -2.52M | -1.96M | -9.44M | 2.15M | -6.69M |
Balance Sheet | ||||||
| Total Assets | 15.33M | 15.33M | 15.60M | 17.63M | 27.51M | 34.97M |
| Cash, Cash Equivalents and Short-Term Investments | 1.47M | 1.63M | 1.39M | 2.38M | 2.86M | 8.85M |
| Total Debt | 882.00K | 460.00K | 689.00K | 1.09M | 1.61M | 2.57M |
| Total Liabilities | 6.43M | 5.76M | 5.60M | 6.17M | 7.16M | 17.39M |
| Stockholders Equity | 8.89M | 9.57M | 10.01M | 11.46M | 20.35M | 17.58M |
Cash Flow | ||||||
| Free Cash Flow | -315.00K | -1.12M | -794.00K | 252.00K | -329.00K | -1.10M |
| Operating Cash Flow | -269.00K | -1.10M | -765.00K | 277.00K | -134.00K | -989.00K |
| Investing Cash Flow | -93.00K | -18.00K | -29.00K | -25.00K | -195.00K | -4.52M |
| Financing Cash Flow | -260.00K | 1.36M | -209.00K | -649.00K | -5.48M | 13.47M |
Bridgeline Digital Technical Analysis
Negative
0.97
Price Trends
0.93
Negative
1.04
Negative
0.95
Negative
Market Momentum
-0.05
Positive
35.02
Neutral
15.15
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BLIN, the sentiment is Negative. The current price of 0.97 is above the 20-day moving average (MA) of 0.82, above the 50-day MA of 0.93, and above the 200-day MA of 0.95, indicating a bearish trend. The MACD of -0.05 indicates Positive momentum. The RSI at 35.02 is Neutral, neither overbought nor oversold. The STOCH value of 15.15 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BLIN.
Bridgeline Digital Risk Analysis
Bridgeline Digital disclosed 26 risk factors in its most recent earnings report. Bridgeline Digital reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Bridgeline Digital Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $5.15B | 53.79 | 217.31% | 4.86% | 9.63% | -45.56% | |
75 Outperform | $43.25B | 36.05 | 14.15% | ― | 17.82% | 5490.04% | |
67 Neutral | $395.49M | 10.88 | 11.69% | ― | 19.51% | 15.80% | |
66 Neutral | $123.81B | -555.67 | -13.86% | ― | 33.53% | -72.17% | |
64 Neutral | $14.36B | 32.29 | 8.49% | ― | 5.87% | -0.31% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
49 Neutral | $9.52M | -6.56 | -14.51% | ― | 1.61% | 58.69% |
* Technology Sector Average
BLIN
Bridgeline Digital
0.74
-0.67
-47.48%
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Bridgeline Digital Corporate Events
Executive/Board ChangesShareholder Meetings
Bridgeline Digital Shareholders Back Board, Pay and Auditor
Positive
Sep 22, 2026
On September 17, 2026, Bridgeline Digital, Inc. held its 2026 Annual Meeting of Stockholders, with 54.0% of the 12,599,879 eligible shares represented in person or by proxy. Stockholders elected Brandon Ross to the Board of Directors for a three&#...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.